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Greenspan: Housing is 'nowhere near the bottom'

July 31, 2008 | 12:55 pm

K1jc8zncI can't quite figure out whether Alan Greenspan is still big news. He's still capable of headlines, though: "Former Federal Reserve Chairman Alan Greenspan said the U.S. is 'nowhere near the bottom' of the housing slump and is 'right on the brink" of a recession.'

More, from CNBC.com:
"... he also warned that 'Fannie and Freddie are a major accident waiting to happen.'

His comments came in an interview today with CNBC. I'll look for more quotes on housing from the interview and add them to this post.

-- Peter Viles
Your thoughts? Comments? E-mail story tips to peter.viles@latimes.com.
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